RNC Capital Management LLC Acquires 4,585 Shares of Exxon Mobil Co. (NYSE:XOM)

RNC Capital Management LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,926 shares of the oil and gas company’s stock after purchasing an additional 4,585 shares during the quarter. RNC Capital Management LLC’s holdings in Exxon Mobil were worth $8,791,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Waterway Wealth Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth $1,018,000. PFG Investments LLC lifted its position in shares of Exxon Mobil by 4.8% during the fourth quarter. PFG Investments LLC now owns 31,811 shares of the oil and gas company’s stock worth $3,181,000 after purchasing an additional 1,468 shares during the last quarter. Cultivar Capital Inc. purchased a new position in shares of Exxon Mobil during the fourth quarter valued at $945,000. Roberts Wealth Advisors LLC increased its stake in shares of Exxon Mobil by 1.4% during the fourth quarter. Roberts Wealth Advisors LLC now owns 15,537 shares of the oil and gas company’s stock valued at $1,553,000 after buying an additional 211 shares during the period. Finally, Trust Co of the South purchased a new position in shares of Exxon Mobil during the fourth quarter valued at $1,437,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

Shares of XOM stock opened at $115.05 on Thursday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $120.70. The firm has a market capitalization of $456.50 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 4.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The stock’s 50-day simple moving average is $104.98 and its 200-day simple moving average is $105.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the previous year, the firm earned $3.40 earnings per share. The company’s revenue was down 11.6% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post 9.11 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Piper Sandler cut their price target on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. JPMorgan Chase & Co. cut their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a research note on Friday, December 8th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price target for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Mizuho raised their price target on Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Finally, TD Cowen upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a research note on Tuesday, January 23rd. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.18.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.